Nov 2, 2012 4:00pm EDT
research to show that when there's an environment that is actually attractive for businesses and tax rates are lower, when you broaden the base and lower the rate, that you actually make an environment for business that encourages them to actually put heads on the payroll. add jobs. >> i would like to say mitt romney is not broadening the base. he's simply lowering the rate. what it really is giving back to people in hopes it will trickle down. what the congressional research said and what the republicans have pushed back on is it didn't work. the george bush administration is seven years of empirical evidence that that does not work as an economic program. >> do you think, andy, this latest jobs number changes the trajectory of the election on tuesday? >> i think it just firms up people's understanding and the consumer confidence number, i think, is really important as well. things are getting better, slower than we want. we need to do more. i do think it firms up people's belief we can have four more years. >> probably up until hurricane sandy, you know, it was -- it really did fee
Nov 1, 2012 4:00pm EDT
but revenue is going to be extremely critical in an economic environment that's grindsi grinding upward. >> kevin, what about you? i know you're growing increasingly pessimistic about the impact of the fiscal cliff. what else is becoming a drag in terms of uncertainty on in economy and the market? >> i think right now markets are too complacent about the fiscal cliff. a lot of people assume things are going to get worked out. once again, the congress will find a way to compromise and move forward on resolving the deficit problem. my feeling now is that it's not likely to be that simple. it's more likely to spill over into january. when that happens, we'll have a greater degree of uncertainty, not less. it may take longer to work this out than many people expect. indeed, president obama in an interview last week, mentioned that he thinks there will be a solution, a grand bargain, sometime in the first six months of 2013. six months. that's a long time to get this it problem straightened out. >> yeah, so, i mean, if we do get an agreement in six months, does that mean that the u.s.